Bush tax cuts explained: Booms, Bubbles, and Busts

November 11th, 2010

First of all, I’m going to answer the question on everyone’s mind. If Congress lets the tax cuts expire at the end of 2010, you will still be taxed at the lower rates (old rules) when you file in 2011. Any money you earn in 2011 will be taxed at the higher rates when you file in 2012.

There has been a lot of talk and uncertainly about the tax climate in 2011. It’s a very hot political Read the rest of this entry »

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Myth or Fact: New 3.8% tax on home sales?

October 23rd, 2010

I received an email recently with the subject line,

“Real Estate Sales Tax – Your House Sale – Healthcare Bill Inclusion !!”

Below is an excerpt from the email

“…Under the new health care bill – did you know that all real estate transactions will be subject to a 3.8% Sales Tax?  The bulk of these new taxes don’t kick in until 2013…if you sell your $400,000 home, there will be a $15,200 tax.  This bill is set to screw the retiring generation who often downsize their homes.” Read the rest of this entry »

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Cash Flow Quadrant

September 28th, 2010

Do you know the four ways to make money? Robert Kiyosaki does. Back in the ‘90s he became famous for his book Rich Dad, Poor Dad. It was the story of his childhood in Hawaii, and how two men had a great influence on his life. His father was a college professor. He preached that getting a college education and finding a safe and secure job with great benefits was the best way to go in life. His best friend’s father was a business owner with very little formal education. He said that owning your own business and Read the rest of this entry »

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Terry Bradshaw reveals NFL man crush at seminar

September 15th, 2010

If you read the Milwaukee newspapers or listened to the radio in September, you probably came across the Get Motivated Business Seminar ads. Yes folks, for only $4.95 per person, you could hear a full day of inspiring rhetoric from our nation’s top business professionals, famous politicians, spiritual leaders, and even a Hall of Fame, four-time Super Bowl champion! I decided to go, but Read the rest of this entry »

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